This option show/hide the status panel by setting the property CalendarComponent.SHOW_STATUS_PANEL to true/false.
The code below shows how to show/hide the status panel: 
<CODE>
CalendarComponent calendarComponent = new CalendarComponent();
//    show status panel
calendarComponent.setCalendarProperty(CalendarComponent.SHOW_STATUS_PANEL, new Boolean(true));
//    hide status panel
calendarComponent.setCalendarProperty(CalendarComponent.SHOW_STATUS_PANEL, new Boolean(false));
</CODE>
