Step 1

Preheat oven to 400 degrees. Spray a 6-cavity standard donut pan with nonstick spray.

Step 2

In a large bowl, combine all donut ingredients. Add 1/4 cup water, and mix until completely smooth and uniform. Evenly distribute batter into the rings of the donut pan, and smooth out the tops. (See HG Tip below.)

Step 3

Bake until a toothpick inserted into a donut comes out mostly clean, about 12 minutes.

Step 4

Meanwhile, place a cooling rack over a baking sheet.

Step 5

Let donuts cool completely, about 10 minutes in the pan and 15 minutes on the cooling rack.

Step 6

In a medium bowl, combine glaze ingredients except candy cane, and whisk until smooth and uniform.

Step 7

One at a time, dunk the tops of the donuts into the glaze, coating the top halves. Return to the cooling rack, and sprinkle evenly with crushed candy cane.

Step 8

Allow glaze to set, about 10 minutes. (Glaze will run off; that's why you've got the rack over that baking sheet.)