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It will cost more then the cost of a new TV to replace that LCD panel. 55" panel would probably be in the $700-$800 range. Walmart has new 55" LCD's in the $700 range. The TV is not junk, it has some value. Throw it on Ebay or Craigslist as a parts unit. I assure you someone will buy it. I'd ask for at least $100
in general cracked lcd panels cost more than the tv is worth.. depending on model panel replacment run 1500 to 2000.. and physical damage is not a warrenty item. do you have a toshiba or a rca the decription says you have rca r52wm24 which is not a lcd. that is a tube tv. and if it is cracked that definatly can be fix or replaced cost effective.
this is a crt type tv- no lamps just crt's if it was moved recently then a seal could have been damaged on the crt cuasing coolant to leak down the neck getting into the socket. this will cause trouble for sure also could have a crack in the crt. look for a sticky liquid in the bottom of the unit.
sometime the crt's can ark and rip out a video output chip on the crt socket check it out.
not common but not unheard of.cheers