Android App ICon Configuration Issue - Black & White

I'm trying to setup icon for android app but when I click the iCon setup and select Launcher Icons, selected image, even ic_launcher.png is showing as black & white. Am I missi

Solution 1:

Posting the solution or issue causing this problem. I was using Android Studio Preview and that was the issue. Preview is not ready for production app, it's like beta version. I reverted to the stable version of the app and it's working perfectly for icons. Attached is sample image for Android Studio 2.1.2