Then remove the cakes from the oven and let cool for 15 minutes.
Using a knife, go around the edge of the pans to loosen the cakes.
Undo the cake rings, and push each cake out of their pan. Remove the bottom of the pan and the wax paper from each cake.
Transfer the cakes to a cooling rack, and let the cakes cool completely. Then top with whipped cream.
Crush the remaining candy cane and sprinkle on top.
For the Whipped Cream
In a mixing bowl, add the heavy cream, sugar, and vanilla extract.
Using the electric hand mixer, beat the cream until it becomes fluffy and holds its shape.
Notes
To line the bottom of the pans with wax paper, take the bottom of the cake rings and place them on the wax paper, trace around the rings with a pencil. Then use scissors to cut out the wax paper circles.