Answered
How to Color the shadow??
Shadow is not colored like step7 of the third item
Shadow is not colored like step7 of the third item
Looks to me like a complicated way to do this effect.
It can be easily done while keeping the text editable.
Type your text on top of a colored rectangle.

Select both text and rectangle and Alt click the Minus Front icon to create a Compound Shape.

Use the 3D Extrude Effect

You can still change the text as long as you do not Expand the Appearance.

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