Nifty '50s Ice-Cream Cone Cakes

1 1/4 cups Gold Medal® all-purpose flour

3/4 cup sugar

1/3 cup malted milk powder, if desired

1/4 cup baking cocoa

1 teaspoon baking soda

1/4 teaspoon salt

1/4 cup vegetable oil

1 teaspoon white vinegar

1/2 teaspoon vanilla

2/3 cup cold water

1 quart chocolate or vanilla ice cream

6 candy or plastic straws

Frozen (thawed) whipped topping, if desired

12 maraschino cherries, if desired