Thanks for the quick response. I started out with a fresh clone of poky and only executed 2 commands:
1) 'source poky-yocto-3.2/oe-init-build-env'
2) in my build directory 'bitbake core-image-minimal'

The output from the console is:
aloof@LAPTOP-AQOIU06O:~/projects/yocto-test$ source poky-yocto-3.2/oe-init-build-env
You had no conf/local.conf file. This configuration file has therefore been
created for you with some default values. You may wish to edit it to, for
example, select a different MACHINE (target hardware). See conf/local.conf
for more information as common configuration options are commented.

You had no conf/bblayers.conf file. This configuration file has therefore been
created for you with some default values. To add additional metadata layers
into your configuration please add entries to conf/bblayers.conf.

The Yocto Project has extensive documentation about OE including a reference
manual which can be found at:
    http://yoctoproject.org/documentation

For more information about OpenEmbedded see their website:
    http://www.openembedded.org/

### Shell environment set up for builds. ###

You can now run 'bitbake <target>'

Common targets are:
    core-image-minimal
    core-image-sato
    meta-toolchain
    meta-ide-support

You can also run generated qemu images with a command like 'runqemu qemux86'

Other commonly useful commands are:
- 'devtool' and 'recipetool' handle common recipe tasks
- 'bitbake-layers' handles common layer tasks
- 'oe-pkgdata-util' handles common target package tasks
aloof@LAPTOP-AQOIU06O:~/projects/yocto-test/build$ bitbake core-image-minimal
WARNING: You are running bitbake under WSLv2, this works properly but you should optimize your VHDX file eventually to avoid running out of storage space
Loading cache: 100% |                                                                                   | ETA: --:--:--Loaded 0 entries from dependency cache.
Parsing recipes: 100% |##################################################################################| Time: 0:00:15Parsing of 784 .bb files complete (0 cached, 784 parsed). 1353 targets, 42 skipped, 0 masked, 0 errors.
NOTE: Resolving any missing task queue dependencies

Build Configuration:
BB_VERSION           = "1.48.0"
BUILD_SYS            = "x86_64-linux"
NATIVELSBSTRING      = "ubuntu-20.04"
TARGET_SYS           = "x86_64-poky-linux"
MACHINE              = "qemux86-64"
DISTRO               = "poky"
DISTRO_VERSION       = "3.2"
TUNE_FEATURES        = "m64 core2"
TARGET_FPU           = ""
meta
meta-poky
meta-yocto-bsp       = "<unknown>:<unknown>"

NOTE: Fetching uninative binary shim http://downloads.yoctoproject.org/releases/uninative/2.9/x86_64-nativesdk-libc.tar.xz;sha256sum=d07916b95c419c81541a19c8ef0ed8cbd78ae18437ff28a4c8a60ef40518e423 (will check PREMIRRORS first)
Initialising tasks: 100% |###############################################################################| Time: 0:00:02Sstate summary: Wanted 1279 Found 0 Missed 1279 Current 0 (0% match, 0% complete)
NOTE: Executing Tasks
ERROR: Task (/home/aloof/projects/yocto-test/poky-yocto-3.2/meta/recipes-kernel/linux-libc-headers/linux-libc-headers_5.8.bb:do_install) failed with exit code '134'
NOTE: Tasks Summary: Attempted 793 tasks of which 0 didn't need to be rerun and 1 failed.

Summary: 1 task failed:
/home/aloof/projects/yocto-test/poky-yocto-3.2/meta/recipes-kernel/linux-libc-headers/linux-libc-headers_5.8.bb:do_install
Summary: There was 1 WARNING message shown.

I'm not sure which log file. I'm attaching the one I found in the tmp directory. Is there a specific location you can point me to if this isn't the right log.

Thanks,
Ajay