Check higher to see where the leak starts. Make sure the vent hose in on the fitting on top of the t-case. You cable shifter nuts are loose on the trans bracket which induces slop into the shifts. When adjusted properly, there should be a small amount of play at both ends of the shift positions and there should be no pressure trying to hold the handle in place against the detents. Likely missing a gasket in the muffler flange. The orange RTV is likely due to a leak which typically means the fasteners are fubar or the gasket was destroyed. Or, it could just mean that they are rusted beyond use and need to be replaced.