Spicy Barbecued Chicken

2 Cups ketchup
1/2 Cup tomato sauce
1/2 Cup water
1/2 Cup corn syrup
1/2 Cup cola
1/4 Cup cider vinegar
1/4 Cup butter or margarine
1/4 Cup steak sauce
2 Tablespoons soy sauce
1 1/2 Teaspoons sugar
1 Teaspoon seasoned salt
1 Teaspoon hot pepper sauce
1/2 Teaspoon garlic powder
1/2 Teaspoon onion powder
1/2 Teaspoon liquid smoke
1 broiler/fryer (about 3 1/2 pounds) - cut up

Combine all ingredients except chicken in a 2-quart saucepan. Bring to a boil, stirring constantly, then reduce heat and simmer, uncovered, for 1 hour stirring frequently. Set 1 cup aside for basting chicken and store remaining sauce in refrigerator for another use.

When ready to cook chicken, let basting sauce come to room temperature; grill chicken, covered, over medium-low coals for 40 minutes or until almost done.

Brush with sauce, then grill an additional 5 minutes. Turn, brush with sauce and cook until juices run clear.