Dodge Ram 1500 4x4 Major Problems?

We have a 1997 Dodge Ram 1500 4X4 with a 360 engine. The Water Pump went out on it and we had it change and he put the wrong bolt in it and broke the timing chain gear. We changed the timing chain and it crunk one time and now it spits and sputters. So we checked the compression and all of the cylinders were showing 120 pounds of pressure except for the 2nd cylinder which had 0 pressure. What is wrong it? Some says that it has warped the valves and one says that it is out of time?? What do you guys think??
 
Well you'll have to narrow it down between the 2. Being out of time enough (if it will still run) can definitely bend or break valves. Have the timing checked (with the use of a timing light and someone who knows how to work it) and if that checks out ok, then you can lean more towards the valves.
 
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