– 1/2 cup unsalted butter, softened – 4 ounces full fat cream cheese, softened – 3/4 cup white sugar – 1/4 cup loosely packed light brown sugar – 1 large egg yolk, at room temperature – 2 teaspoons vanilla extract – 1/4 teaspoon almond extract – 1 3/4 cups all-purpose flour – 3/4 teaspoon salt – 1/2 teaspoon baking powder – 1/4 teaspoon ground nutmeg – 1/3 cup granulated or sanding sugar, for rolling – 3 tablespoons dark chocolate chip – 2 tablespoons white chocolate chip – 1/8 teaspoon orange gel food coloring, or as needed – 1 teaspoon assorted holiday sprinkles, or as needed – 1 pull-apart licorice stick, such as Twizzler