Directions: Don't forget to add your Javadoc comments for your classes, constructor, and methods in this activity. For this assignment, you will need to create a class called Inventoryltem that represents an inventory item in a store. Inventoryltem should have the following characteristics: InventoryItem Variables: o o o A String called name using the protected visibility modifier A double called price using the protected visibility modifier A private static double called taxRate (initialized to 0) . Constructor Sets the values for the instance variables name and price: public InventoryItem(String namein, double priceIn) o Methods: o public String getName () ( Returns the customer name o public double calculateCost) Returns the price including tax: price* (1 + taxRate) -Sets the tax rate - Return a String representation with name and price with tax o public static void setTaxRate (double taxRateIn)t o public String tostring) Example: "Computer: $789.02" return name + : + InventoryItem.setTaxRate (0.08) InventoryItem itemlnew InventoryItem ("Birdseed", 7.99) item1 Birdseed: $8.6292 1nventoryttem item2 = new InventoryItem ("Picture", 10.99); item2 Picture: $11.869200000000001 Be sure to unfold these objects on the workbench to verify the field values