How to make an image show or hide in a text & image widget?

In every text & image widget a picture can either be displayed or HIDDEN by clicking the IMAGE DISPLAY ICON.

Here is how to show or hide an image:

Step 1: Enter the text & image's edit mode 

Step 2: Click the image display icon (in orange).

Here is an example of showing and hiding the image:

Before (Hide)

After (Show)