How can I resolve 'Duplicate class androidx.databinding.Untaggable found in modules databinding-common-7.1.2'?

Question

After running a macOS Monterey 12.3 update I got the following error message in Android Studio Bumble Bee 2021.1.1 Patch 2 in the Build Output file:

''' Duplicate class androidx.databinding.Bindable found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.BindingAdapter found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.BindingBuildInfo found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.BindingConversion found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.BindingMethod found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.BindingMethods found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.CallbackRegistry found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.CallbackRegistry$NotifierCallback found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.InverseBindingAdapter found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.InverseBindingListener found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.InverseBindingMethod found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.InverseBindingMethods found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.InverseMethod found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.Observable found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.Observable$OnPropertyChangedCallback found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.ObservableList found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.ObservableList$OnListChangedCallback found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.ObservableMap found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.ObservableMap$OnMapChangedCallback found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) Duplicate class androidx.databinding.Untaggable found in modules databinding-common-7.1.2 (androidx.databinding:databinding-common:7.1.2) and jetified-baseLibrary-3.2.0-alpha11 (androidx.databinding:baseLibrary:3.2.0-alpha11) '''

I have checked the Android Developer site but there was no solution. Any tips or tricks to resolve the issue would be much appreciated.