OK, taking 0.005V in and getting 3.16 out is 56dB. That's a little more than expected, but not impossible. If you are getting 7V out of the other channel under these conditions, I would be looking toward the EQ as the source of your issue. It could be something simple like the two little brown caps being swapped, or it's possible the 10.7K resistor got swapped for a different part by accident.