Cherry Nut Topped Cookies

3/4 cup butter, softened
2/3 cup granulated sugar
1/2 teaspoon almond extract
2 teaspoons vanilla extract
1 egg
2 cups flour
1/2 teaspoon baking powder
1/3 cup chopped red candied cherries
1/4 cup chopped pecans
1/4 cup cherry preserves or strawberry jelly
1/2 teaspoon confectioners