You're correct about hooking up the power, but it looks like that radio was under water or experienced extremely high moisture at some point. I would consider it a parts radio only. With my restores perspective, among a few other parts, any crystals that are within tolerance are highly sought after. You could check the receive portion, but as stated, I would not transmit. That’s getting the cart way too far in front of the horse. My first thought would be to donate it to an experienced tech. After he looks at it, ask him how much it would cost to repair.