Develop a react component to retrieve data and render images from the test URL below, implement additional capabilities listed below: https://reqres.in/api/users?delay=3
- Render the component first (with some static text), invoke the API above after render.
- During the time the API call is in process, display loading status in the screen.
- Render response with name, image, and email.
- Add a button to simulate delay of 5 seconds, which needs to be passed to the API URL above.
- Handle time out error in 3 seconds and show time out error in the screen.
- Display last data load time in the screen.