Preheat oven to 350° and spray 9x5 loaf pan with the cooking spray of your choice. I use Pam Baking spray.
In a small bowl, measure out the flour and set aside.
In a separate bowl, whisk together the sugar and eggs until the mixture is pale yellow. Then mix in the applesauce, yogurt, vanilla and almond extracts, and maraschino cherry juice. Stir until well blended.
Add the flour to the wet mixture and stir until just combined.
Gently fold in butter, cherries, and, chocolate chips. Do not overmix.
Pour batter into prepared pan and bake for 60-75 minutes until toothpick inserted into center comes out clean.
Cool completely before slicing. Enjoy!