Bourbon and Brown Sugar Barbeque Sauce Recipe

2 cups ketchup

1 (15 ounce) can tomato sauce

1 cup bourbon

¾ cup brown sugar

¾ cup molasses

¾ cup apple cider vinegar

¼ cup Worcestershire sauce

2 tablespoons soy sauce

2 teaspoons onion powder

2 teaspoons garlic powder

2 teaspoons freshly ground black pepper

1 teaspoon mustard powder

1 teaspoon liquid smoke flavoring

½ teaspoon cayenne pepper

or to taste