It means it’s a quarter to two
I'm pretty sure you would put "Leo" in the blank space because the verb "leer" means to read and the sentence prior to the blank space says "the magazine 'Cosas (or Things)' is my favorite. I read it every month. Hope this helps!
I have broken this vase, can you tell the difference
1. Esta
2. Va
3. Estamos
4. Estoy
5. Es
6. Voy
7. Somos
8. Van
9. Estás
10. Están
11. Están
12. Esta
13. Vamos
14. Son
15. Son