Cannot build apk to run it on emulator, build error

[Neel-shetty]

Error Message

`> Task :app:mergeDebugAssets FAILED

Deprecated Gradle features were used in this build, making it incompatible with Gradle 7.0. Use '--warning-mode all' to show the individual deprecation warnings. See https://docs.gradle.org/6.7.1/userguide/command_line_interface.html#sec:command_line_warnings 9 actionable tasks: 2 executed, 7 up-to-date Warning: Mapping new ns http://schemas.android.com/repository/android/common/02 to old ns http://schemas.android.com/repository/android/common/01 Warning: Mapping new ns http://schemas.android.com/repository/android/generic/02 to old ns http://schemas.android.com/repository/android/generic/01 Warning: Mapping new ns http://schemas.android.com/sdk/android/repo/addon2/02 to old ns http://schemas.android.com/sdk/android/repo/addon2/01 Warning: Mapping new ns http://schemas.android.com/sdk/android/repo/addon2/03 to old ns http://schemas.android.com/sdk/android/repo/addon2/01 Warning: Mapping new ns http://schemas.android.com/sdk/android/repo/repository2/02 to old ns http://schemas.android.com/sdk/android/repo/repository2/01 Warning: Mapping new ns http://schemas.android.com/sdk/android/repo/repository2/03 to old ns http://schemas.android.com/sdk/android/repo/repository2/01 Warning: Mapping new ns http://schemas.android.com/sdk/android/repo/sys-img2/03 to old ns http://schemas.android.com/sdk/android/repo/sys-img2/01 Warning: Mapping new ns http://schemas.android.com/sdk/android/repo/sys-img2/02 to old ns http://schemas.android.com/sdk/android/repo/sys-img2/01 Warning: unexpected element (uri:"", local:"base-extension"). Expected elements are <{}codename>,<{}layoutlib>,<{}api-level>

FAILURE: Build failed with an exception.

• What went wrong: Execution failed for task ':app:mergeDebugAssets'.

  Could not resolve all files for configuration ':app:debugRuntimeClasspath'. Failed to transform react-native-0.71.0-rc.0-debug.aar (com.facebook.react:react-native:0.71.0-rc.0) to match attributes {artifactType=android-assets, com.android.build.api.attributes.BuildTypeAttr=debug, org.gradle.category=library, org.gradle.dependency.bundling=external, org.gradle.libraryelements=aar, org.gradle.status=release, org.gradle.usage=java-runtime}. Execution failed for JetifyTransform: C:\Users\neeln.gradle\caches\modules-2\files-2.1\com.facebook.react\react-native\0.71.0-rc.0\7a7f5a0af6ebd8eb94f7e5f7495e9d9684b4f543\react-native-0.71.0-rc.0-debug.aar. Java heap space

• Try: Run with --stacktrace option to get the stack trace. Run with --info or --debug option to get more log output. Run with --scan to get full insights.

• Get more help at https://help.gradle.org

BUILD FAILED in 9s`

Details to reproduce error

1. Clone repository
2. npm install
3. npx react-native run-android
4. node version - 16.18.1