I need to test my android app with android version 4.0.3 but I am unable to create an emulator with this Android version. Please check following screenshots for more details:

Installed Intel x86 system image for version 4.0.3:
[![Installed Intel x86 system image for version 4.0.3](https://i.stack.imgur.com/SIW1Y.png)](https://i.stack.imgur.com/SIW1Y.png)

No option for 4.0.3 version while selecting system image:
[![No option for 4.0.3 version while selecting system image](https://i.stack.imgur.com/8nSWO.png)](https://i.stack.imgur.com/8nSWO.png)

Already tried following with no luck:

1. Restarted Android Studio
2. Moved x86 folder from *system-images/android-15/default* to *system-images/android-15* folder

How can I resolve this?

**Edit:**

As suggested by BrentM, I tried to create it using android command line tool. It was successfully created, but when I tried to edit it from Android Studio, then it gives an error: *The specified image file must be a valid image file*.

Address of the image file in system: /Android/Sdk/system-images/android-15/x86 

Screenshot:
[![enter image description here](https://i.stack.imgur.com/N5coJ.png)](https://i.stack.imgur.com/N5coJ.png)