Right option is (b) I1 = I2 – ma^2
To elaborate: Parallel axis theorem can be used for any body. The parallel axis theorem states that moment of inertia about an axis perpendicular to an axis passing through centre of mass is given by:
I = ICOM + ma^2, where m is mass of the body & ‘a’ is the distance between the axes. So, I2= I1 + ma^2 OR I1 = I2 – ma^2.