Open AVD Manager, select your AVD. In the "Action" column, click the edit button (pencil icon). Go to "Show advanced options" and scroll down to the heap of virtual machines and increase the number of MB as you need.


The above actions should stop emulator warnings.
I do not see any problems with the screenshots that you provided. I can only recommend creating a new virtual device and checking for Android Studio updates . Sry, I can no longer help ...
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