I am no expert but if it were my boat I would wonder...
Are the cracks deep enough for water to seep in and rot the transom?
I would find a pro with experience to assess the condition and make recommendations for determining the condition of the transom and repairing the cracks.
The stuff that is there already indicates there was an issue in the past.
Water seeping into the transom may have been happening for a while.
Good luck!
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