Emulator toolbar 3dot emulator settings menu missing in Android Studio 4.x emulator

In Android Studio 3.x, there used to be a 3dot menu which takes the developer to the emulator settings as seen here -

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However, this ... (3dot settings button) is missing in the Android Studio 4.x version of the emulator as seen here -

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How does one get to the 3dot settings of the emulator in Android Studio 4.x ?

Where is Emulator settings in Android Studio?

Setting Up the Android Emulator Select Tools > SDK Manager. Then, from the settings window, choose Android Emulator.

Why is the Emulator not showing in Android Studio?

Probably the project you are running is not compatible (API version/Hardware requirements) with the emulator settings. Check in your build. gradle file if the targetSDK and minimumSdk version is lower or equal to the sdk version of your Emulator.

According to the limitations mentioned in the docs:

Currently, you can't use the emulator's extended controls when it's running in a tool window. If your development workflow depends heavily on the extended controls, continue to use the Android Emulator as a standalone application.

You can go back to using it as a standalone application by: