If your bike has handlebar risers, you can't trust the window in either the brake, or the clutch master cylinder housing, due to the angle and pitch that the risers place the bars in.
The window will look low of fluid. The handlebars must be turned almost full lock in both directions to check the fluid level. Its better to remove the cap(s) and verify that the level is at the fluid line (front inside wall of the housing) etc.
However, If you fluid is low, or you are loosing fluid ( you can verify this by looking at the rear crankcase cover ) to see if fluid is leaking out the mechanical seal weep hole.
If you find stains back there, its almost a sure thing that your bike will need a new clutch slave cylinder.
On an 03 with that mileage, with unknown maintenance records, my guess would be it will need most, if not all of the following stuff addressed to make it road worthy.
Complete brake system over haul, including replacing the SMC, and possibly the rear caliper bracket if worn.
OEM brake pads all around, complete detail stripping of all calipers, and rebuild with all new seals etc.
A correct Flush/bleed etc.
Inspect your PCV to make sure its not damaged/leaking (check recalls to see if it was done on your year model)
Complete clutch system flush after replacing the slave cylinder, and inner oil seal etc.
Complete coolant flush, t-stat replacement, remove the paint from the radiator pipes (inside)
Clear/coolant line to the idle wax valve etc.
Remove all hoses, clean fittings, replace all hoses, and tighten all clamps.
Replace front water pump cover o-ring
Replace your driven bearings (flange bearings)
Inspect your driveshaft spines, and use the correct moly paste (locktite lb8012)
Inspect both your fuel tanks for rust.
Inspect/test your fuel pump (replace)
Inspect all ground wires / condition of battery etc.
Clean all switch housings (starter/kill)
Replace air filter
Check for rodent nests under the airbox
Starter Valve sync (TB sync-sic)
Replace vacuum hoses / clean out 5 way tee
Clean out vacuum butterflies with MMO
Inspect driveshaft gear oil and U-joint play
Inspect fork seals
Inspect wheel bearings
Inspect/replace both O-rings on rear wheel (inner & outer)
Check all critical fasteners (axle/fork pinch bolts/ etc)
Counter balancer adjustment
***these are just SOME of the things that should be checked***
