I stripped down the wires and put new connectors on them. Bought a new thermal fuse and thermostat and yes I replaced the heating element as well. It has been up and running. I received the dryer as a gift in 1988 and it's still going. It is used every day. Over the years I have replaced a couple of heating elements, drum rollers, belt, and even the motor. Thank goodness for forums like this and you tube videos.
Thank you for following up,