The corporation's basis in the property is the purchase price less depreciation, which you should have in your accounting records.
Did you capitalize these tools for depreciation on a prior tax return? If they were purchased and reported as an expense, you don't need to record a distribution. Expensed purchases have no value at dissolution, other than perhaps their thrift store value. You would write off only inventory or those assets that were being depreciated.
As Rick19744 stated earlier, you should report your liquidating distribution on Form 1099-DIV. If you have no real assets (buildings, vehicles, equipment, inventory, etc.), then your only distribution would be remaining cash, if any.
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