Here's some more info:
I have tried different cords & different instruments, both old & new. I'm reasonably certain the issue is in the amp or speakers somewhere. I should mention the 3-prong plug is missing the ground plug but I got it that way 14 years ago.
It has not always done this. I've run bass & guitar out of it for years. This started several weeks ago but long after I began plugging in the keyboard, which is a Yamaha PSR-210. I used the Headphone/Aux_Out 1/4" jack from the Yamaha directly into the amp. As I say that worked fine & I'm not sure the keyboard would cause it to blow or anything like that.
I've never dropped it or dropped anything on it. It makes pretty much the same sound no matter where any of the controls are positioned. I've tried every conceivable combination of drive, level, volume & tone settings, as well as channels A, B, and both. The sound doesn't change any. When volume or drive or level are down, I can hear crackling before I hear any instrument sound.
I found the service manual on this site recently (many thanks to the gracious contributor!) and the Troubleshooting page suggests that if
"Problem = popcorn noise at mid-tone, then Possible Cause = Noisy I.C. {I.C.109, I.C.111}, and Suggested Solution = Replace I.C. and check for noise".
I'm assuming I.C. means Integrated Cicrcuit.
Thanks for responding Joe. Any help is very much appreciated.