Electrolytic capacitors are the suspects in this murder mystery. They will be marked for polarity. Some will have a "+" at one end, usually the end with rubber around the lead wire. Other caps will be marked "-". Naturally the plus side is the other end. Make a careful note which way the part you remove is marked, so the new cap agrees with the old cap's polarity. Most of the electrolytic caps in that radio are the axial style, with a lead wire coming out each end.
Newer capacitors may have both lead wires coming out the same end, called a radial package. Those nearly always mark only the negative side. So long as the wires will reach the holes in the circuit board, this part will sub for the axial part. May look clumsy, but if it reaches, it will work.
Changing them one at a time is a must. Too easy to lose track if more than one of them is removed at a time. Once you're done, have a close look with a bright light and a magnifier to make sure you have not "bridged" any adjacent foil traces with a drip of solder. Better to find one of those before you apply power and see magic smoke escape.
The mike is hard wired to that radio, no connector to unplug. The switch inside the mike serves to activate the speaker until you press the push-to-talk button. This mutes the speaker while transmitting. If the switch in the mike has dirty contacts, or if the cord has a bad wire in it, this can shut off the receiver audio, too. The bar-graph S-meter is a clue. If it bobs around on channel noise when an antenna is connected, that means the receiver should be feeding audio to the speaker. And if none of the bars light up on channel noise, that's not a good sign.
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