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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def init_running_properties(self):
 """ Initialize the running_properties. Each instance have own property. :return: None """

        for prop, entry in list(self.__class__.running_properties.items()):
            val = entry.default
            # Make a copy of the value for complex iterable types
            # As such, each instance has its own copy and not a simple reference
            setattr(self, prop, copy(val) if isinstance(val, (set, list, dict)) else val)