Suspect "jumped" timing belt,if the belt were broken you would have no spark as the distributor is driven by the camshaft, valve to piston collision is unlikely on the era of Camry, but always a possibility, remove upper timing belt cover, rotate crankshaft pulley till timing mark show "0" for top dead center, there is a hole in cam sprocket that will align with a groove in the cylinder head (difficult to see due to the alignment of the strut tower and the tilt of the engine) I use a small drill bit through the cam sprocket to see if it lines up with the notch. If your marks are nowhere near, turn the crank 1 complete revolution as the crank to cam ratio is two to one. You will likely see the belt is very loose, and you may have mechanical failure such as a tensioner or water pump causing belt to slacken and jump...
hope this helps...
Have a compression test done for damaged valves. check that the cam shaft is turning (broken timing belt/chain)
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