To make the syrup:

1. Combine the sugars, water and honey in a medium sauce pan and bring to a boil over medium heat.
2. Turn heat to medium low and simmer for 5-10 minutes stirring frequently.
3. Remove from the heat and let stand for 10 minutes and then add extracts and stir.
4. Add chopped peaches and bourbon and serve over pancakes.

To make the pancakes:

1. Sift together the dry ingredients into a large bowl.
2. In a separate bowl, combine the liquid ingredients and along with the melted butter.
3. Add the wet mixture to the dry and mix gently until wet. Do not over mix.
4. Heat skillet on stove over medium high heat and spray with cooking spray.
5. Drop batter by 1/4 C amounts and allow to cook until edges rise up and pancake bubbles (about 1 minute).
6. Flip with a spatula and cook on other side for 1 minute.
7. Repeat until batter is gone.
8. Serve with butter and peach syrup and then garnish with chopped bacon.