Preheat oven to 335° F. Prepare three 7-inch or 8-inch round cake pans using cooking spray and parchment circles.
In a large mixing bowl, combine white cake mix, all-purpose flour, granulated sugar, salt, sour cream, milk, melted butter, eggs, vanilla extract, and almond extract.
Using an electric hand mixer, mix the ingredients on low until fully combined.
Increase the speed on the mixer to medium and mix for a full 2 minutes until the batter is whipped up and fluffy.
Add in rainbow sprinkles and fold in with a spatula until they are dispersed.
Divide batter evenly between your cake pans.
Bake cakes for approximately 45-50 minutes in the oven until the cakes spring back when gently touched or toothpick comes out clean.
Remove the pans from the oven and cool the cakes in the pan for about 15 minutes. Transfer to a wire rack to cool completely.
Level cake layers using a serrated knife and cut off the caramelization if desired.