Truck wont start HELP

[69bronco]

thanks for the site. I got my truck running, today i had a friend over and his dad brought his truck over and we were racing thought the feilds and tearing the ground up. Then we when Mud Boging in my pond and his truck sank in a really muddy spot and the engine sucked in water though the carb. so i tried pulling it out with my f250 but if was just flinging mud everwhere and not moveing it. so i tried pulling it out with my bronco and after pulling a coupple wheelies it ripped it out. so now we have to drane out the oil in it, because of the water and try to get it running tomorro.