Make a copy of the new made layer and
Hide the next effects:
Drop Shadow, Gradient (with the right mouse’s button directed to the effect on the layers’ panel)


The
Drop Shadow layer may be corrected with the
Eraser Tool (E)
Apply the following filter to copies layer.
Blending Options>Stroke

Make visible again the original layer we made a copy of it:

We have to represent now a part of the button, using the
Ellipse Tool (U) 

The layer’s parameters:
Blending Options>Gradient Overlay