Ron's Mom’s Ketchup

6 oz. tomato paste
½ cup corn syrup
¼ cup white vinegar
¼ cup water
1 tablespoon sugar
1 teaspoon salt
¼ teaspoon onion powder
1/8 teaspoon garlic powder

Mix all ingredients in a saucepan. Bring to a boil over medium heat. Cover and simmer for 20 minutes.  Let cool. Enjoy!