What was found
CREW REPORTED, WHILE IN CRUISE CONFIGURATION, IFR CONDITIONS, CAPTAINS HEADING INDICATOR FAILED, REMOTE GYRO CIRCUIT BREAKER TRIPPED. EMERGENCY DECLARED, LANDING WAS UNEVENTFUL. MX INSPECTED ACFT, FOUND REMOTE GYRO CONTAMINATED WITH WATER. R & R GYRO, TESTED SYS OK, ACFT RELEASED BACK TO SERVICE.